11 NCAC 06A .0801         DEFINITIONS

As used in this Section:

(1)           "Biennial compliance period" means the 24-month period during which an agent or adjuster shall comply with continuing education requirements. 

(2)           "Cluster of courses" means a number of courses, each of which is less than 100 minutes in length, but altogether 100 minutes or more in length, that are offered within one state or national program or convention.

(3)           "Compliance year" means the second year of the biennial compliance period.

(4)           "Continuing Education Administrator" or "Administrator" means the entity with which the Commissioner contracts for continuing education administration, including the approval of providers and courses and the retention of ICEC records for licensees.

(5)           "Course" means a continuing education course directly related to insurance principles and practices or a course designed and approved specifically for licensees; but does not mean a business course of a general nature or an insurance marketing or sales course.  Courses shall be for instructional purposes only and not for promoting the interests of or recruiting employees for any particular insurance agency or company.

(6)           "Disinterested third party" means a person not concerned, with respect to possible gain or loss, in the result of a pending course final examination.

(7)           "Distance learning" means an educational program in which the licensee and the instructor are in different physical locations and interact with each other through various methods of telecommunication.

(8)           "Ethics course" means a continuing education course that deals with usage and customs among members of the insurance profession involving their moral and professional duties toward one another, toward clients, toward insureds, and toward insurers.

(9)           "Insurance continuing education credit" or "ICEC" means a value assigned to a course by the Commissioner after review and approval of a course information.  This term means the same as "credit hour" as used in G.S. 58‑33‑130.

(10)         "Instructor" means an individual who teaches, lectures, leads, or otherwise instructs a course.

(11)         "Licensee" means a licensed adjuster, a licensed broker, or a licensed agent with any of the following lines of authority:  property, casualty, personal lines, life, or accident and health or sickness.

(12)         "Long-Term Care Partnership Education" means a continuing education course related to long-term care insurance, long-term care services and qualified state long-term care insurance partnership programs which includes:

(a)           State and federal regulations and requirements relating to long-term care partnership policies;

(b)           the relationship between qualified state long-term care insurance partnership programs and other public and private coverage of long-term care services, including Medicaid:

(c)           available long-term care services and providers;

(d)           changes or improvements in long-term care services or providers;

(e)           alternatives to the purchase of private long-term care insurance;

(f)            the effect of inflation on long-term care partnership policy benefits and the importance of inflation protection; and

(g)           consumer suitability standards and guidelines for long-term care partnership policies.

(13)         Qualified Policy" has the same meaning as in G.S. 58-55-55(6) and includes a certificate issued under a group policy as specified in G.S. 58-55-60.

(14)         "Supervised examination" means a timed, closed book examination that is monitored and graded by a disinterested third party.

(15)         "Supervised individual study" means learning through the use of audio tapes, video tapes, computer programs, programmed learning courses, and other types of electronic media that are completed in the presence of an instructor.


History Note:        Authority G.S. 58-2-40; 58-33-130; 58-55-55; 58-55-60; 58-55-65; 58-55-75;

Temporary Adoption Eff. June 22, 1990, for a period of 180 days to expire on December 19, 1990;

ARRC Objection Lodged July 19, 1990;

Eff. December 1, 1990;

Amended Eff. March 1, 2011; February 1, 2008; February 1, 1995; June 1, 1992;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. June 25, 2016.